Barbara Corcoran has blunt words on mortgage rates, 2025 housing market
The billionaire Shark Tank alum has bold advice for homebuyers this year.
When mortgage rates began soaring in 2022, housing demand took a nosedive. Existing home sales plummeted as affording a home became increasingly out of reach for many homebuyers.
Mortgage rates have fluctuated over the past three years but remain between 6% and 7%, almost double the average enjoyed over the past two decades.